Israeli cybersecurity company Dream securityThe former company NSO Group, CEO of the former Speware Company, Shalaf Holly, former Austrian adviser Sebastian Corse and Jill Dolph, raised $ 100 million in the evaluation of the company of $ 1.1 billion.
The emerging company sells Internet protection systems to complex or old physical infrastructure companies, such as gas platforms, electricity companies and nuclear reactors. The company is also popular with government cybersecurity systems, which are striving to protect national infrastructure in a central manner. Before the current financing round, the company's evaluation was $ 54 million, according to the stadium's book.
Bain Capital Ventures led the investment capital fund founded by former US presidential candidate Mitt Romney. The current investors of the company, Dovi Frances's 11, Aleph Fund, through the founding partner Michael Eceenberg, James Rothschild's Tru Arrow Fund and Tau Capital, in the financing round.
As part of the financing round, the Bain partner, former CEO of Symantec, Chairman of the Mandriant Enrique Salem and former CEO of Teva SHLOMO YANAI to the DREAM board. Salem brings experience in the cyber security industry and Yanay has experience in managing infrastructure.
Repeated annual revenues of $ 100 million
The company's reports on the accumulation of orders of $ 130 million over the past year, and therefore its annual revenues are estimated at more than 40 million dollars. Regarding repeated annual revenues (ARR), the measurement that reflects the growth of cybersecurity companies, Dream Security currently generates revenue at an annual rate of $ 100 million, which is expected to double by the end of 2025, justifying the company's high evaluation. This is a great milestone in revenue for the Israeli cyber security company, which was established only two years ago, with less than 10 agents.
In addition to customers in Israel and Austria, the company also includes customers in Europe, the Middle East and Southeast Asia. Dream Security contains about 150 employees based in the Tel Aviv office in the city center.
Last year, the company launched a major linguistic model designed for analysts and data safety managers, which can be used to determine the treatment of weaknesses on cybersecurity, training files, reports, and control systems. The company is a short written order in the language engine that can reflect the regulatory network of analysts in customer companies, enables the identification of weaknesses and understanding the whereabouts of the gaps in the institution.
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“Amnesty International changes the rules of the game, and the dream stands as a leading international player in this field,” said Hollyo. Francis added, “Every years in investment capital, I have never seen a company that grows at the speed in which she appears, as she explained during the past year, and she has a set of talents. I have no doubt that the dream will grow to be one of the largest artificial intelligence companies in the world To protect cyber security for critical national infrastructure, and certainly the largest cybersecurity or artificial intelligence company that comes out of Israel. “
“Countries and entities in charge of critical infrastructure are only starting to understand the extent of the threat posed by the electronic attacks led by artificial intelligence,” said Michael Eisenberg.
It was published by Globes, Israel Business News – En.globes.co.il – on February 17, 2025.
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